New PAYE forms
There are new versions of two key forms for use when advising HMRC that your PAYE code needs to be adjusted in certain circumstances. Submission of such forms should reduce the prospect of over or underpayments of PAYE arising in the future.
- Form P161 – This form should be used if you have started to receive an occupational or personal pension or if you are nearing the age at which you will start to receive a state pension. The form should also be used by taxpayers already in receipt of a pension and who are nearing age 65 as higher tax allowances may be due.
- Form P161(W) – This form should be used if you have suffered a bereavement following the death of your spouse or civil partner.